The growing costs and efforts associated with compliance are taking a toll on smaller dealers and independent advisors, the association states in a submission to Finance Canada The federal government needs to take action to help independent financial services firms compete against the increasingly dominant big banks in Canada as well as to improve consumer protection, Independent Financial Brokers of Canada (IFB) argues in a recent submission to the federal Department of Finance Canada. Notably, the IFB expresses its support for the government’s intention to consider proportionality in the development of policy and regulation in its submission to Finance Canada on the department’s review of the federal financial services sector framework. To read the full article, click HERE.
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